12th Class
Accountancy
Accounting For Share Capital
Question Bank
Case Based - Accounting for Share Capital
question_answer
Vinod Limited forfeited 1,000 shares of Rs.100 each issued at 10% premium on which allotment money of Rs.40 (including premium) and first call of Rs.20 per share were not received. The second & final call of Rs.10 was not yet made. Company can issue all these forfeited shares at Par or at premium: